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Market Update
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March 2023
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 67,264 tons in January 2023, increasing 37% month over month (m/m). Mexico was the largest exporter of fabricated beams with 20,678 tons this month (31%). The Houston-Galveston, TX port was the largest receiver of fabricated beams this month, receiving 18,761 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 39,903 tons for January 2023, up 178% since last month. Spain was the largest exporter of beams with 10,576 tons this month (27%). The Houston-Galveston, TX port was the largest receiver of beams this month, receiving 22,646 tons.
U.S. Steel Capacity Utilization: The total tonnage for the week ending February 25th was 1.674 million net tons, at a capacity utilization rate of 74.9%. The year-to-date tonnage output is 13.100 million net tons, at an average capacity utilization rate of 73.3%. In 2021, the same output total was 16.092 million net tons, at an average capacity utilization of 81.1%.
February 2023
U.S. Fabricated Beam Final Imports: Final fabricated beam imports to the U.S. came in at 49,273 tons in December 2022, decreasing 17% month over month (m/m). Mexico was the largest exporter of fabricated beams with 19,117 tons this month (39%). The Laredo, TX port was the largest receiver of fabricated beams this month, receiving 13,580 tons.
U.S. Steel Beam Final Imports: Final beam imports to the U.S. came in at 14,314 tons for December 2022, down 40% since last month. South Korea was the largest exporter of beams with 7,950 tons this month (56%). The Los Angeles, CA port was the largest receiver of beams this month, receiving 7,676 tons.
U.S. Steel Capacity Utilization: The total tonnage for the week ending January 28th was 1.635 million net tons, at a capacity utilization rate of 73.1%. The year-to-date tonnage output is 6.452 million net tons, at an average capacity utilization rate of 72.2%. In 2022, the same output total was 9.030 million net tons, at an average capacity utilization of 82.0%.